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Monday, February 18, 2019 2:57 GMT

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Top News of Bahrain

Kuwait Warba Buys Major Bahrain-Based Ahli United Bank Stake

published:17/02/2019 06:43 GMT

Warba Bank, a leading Islamic bank in Kuwait, said it has signed an agreement with Bahrain-based Ahli United Bank BSC and its subsidiary Ahli United Bank KSCP to acquire their respective shareholding in Kuwait and Middle East Financial Investment Company, representing 75.72% of the company's outstanding shares, subject to securing all regulatory approvals. The sale and purchase agreement was signed in the presence of Shaheen Hamad Al Ghanem, Warba Bank’s Chief Executive Officer and Tareq...More


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